From Bitcoin (BTC) to Tron (TRX), a Look at the Top 10 Crypto Assets and the Climb They Face to Reach Their Former Price Peaks
- 王林Original
- 2024-08-17 00:49:11853browse
The crypto markets have certainly seen better days, with the entire crypto-economy now hovering just above the $2 trillion mark.
Bitcoin (BTC) slipped below the $60K zone during the second half of August, reaching a low of $56,646 per BTC on Thursday. BTC is currently trading just above the $58K level, at $58,267, which is roughly 20.2% lower than its all-time high (ATH) of $73,737 on March 14. While BTC has dropped 20.2% from its ATH, several other top digital assets still have a ways to go before reaching their previous peaks.
The crypto market has undoubtedly seen better days, with the entire crypto-economy now valued at just over the $2 trillion mark. While many in the market still believe we are in a bull phase, a significant number of crypto assets still have a steep climb to reach their all-time price highs. Bitcoin (BTC) is one of the few digital assets that managed to cross its ATH this year, with a drop of 20.2%, while others are still chasing the highs of their 2021 bull run.
For instance, take ethereum (ETH), which is currently trading at $2,602 per coin. At this price, ETH is down 45.7% from its ATH of $4,878, which was recorded on Nov. 10, 2021. Binance coin (BNB) is trading at $519 per coin and did manage to reach a new ATH in 2024. BNB reached $717 on June 6, but today it is 26.5% lower than that peak. Solana (SOL) is priced at $141 per coin and has seen substantial gains this year.
However, SOL still needs to rise by 45% to reach its ATH of $259, which was recorded on Nov. 6, 2021. XRP’s last ATH is even further back, when it traded at $3.40 on Jan. 7, 2018. Currently, XRP is trading at $0.56 per coin, which is 79.7% below its all-time high. Toncoin (TON) did reach a price peak this year, hitting $8.25 per unit on June 15. Now, at $6.45 per TON, it is down 21.3% from that high. Dogecoin (DOGE) is trading at $0.10 per DOGE and hasn’t seen an ATH since 2021.
On May 8, 2021, the meme coin DOGE reached $0.73 per unit, but today it is more than 85.1% below that peak. Cardano (ADA) also reached its ATH on Sept. 2, 2021, trading at $3.09 per coin at the time. Now, at $0.33 per ADA, cardano has dropped 89% since that peak nearly three years ago. Tron (TRX) peaked at $0.231 per coin on Jan. 5, 2018, around the same time as XRP. However, TRX is currently down 43.8% at $0.13 per coin. Lastly, avalanche (AVAX) has fallen a steep 86% from its peak of $144 per coin on Nov. 21, 2021, now trading at just $20.20.
What are your thoughts on the top ten crypto assets and the climb they face to reach their former price peaks? Share your thoughts and insights on this topic in the comments section below.
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